---
schema_version: "secwatch.filing_event.v1"
accession: "0000102729-24-000008"
form_type: "8-K"
ticker: "VMI"
cik: "0000102729"
company_name: "VALMONT INDUSTRIES INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:07:34.573319+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valmont Q4 adj. EPS $3.18; FY adj. EPS $14.98; 2024 EPS guidance $14.25-$15.50; new long-term targets

## Summary
- Fourth quarter net sales $1.02B (-10.3%); GAAP EPS $1.38, adjusted EPS $3.18; operating cash flow $115.9M.
- Full year 2023 net sales $4.17B (-3.9%); adjusted operating income $473.2M (+5.2%); adjusted EPS $14.98 (+8.4%); free cash flow $210.0M.
- 2024 outlook: net sales change (3%) to flat; diluted EPS $14.25-$15.50; capex $125-$140M; effective tax rate ~26%.
- New long-term targets: organic net sales growth above mid-single digits; operating margin near mid-teens; ROIC high-teens; FCF conversion 100% of net earnings.
- Completed organizational realignment with $35.2M pre-tax cash expense; $178.6M in share repurchases in Q4 including $120M ASR; $136.1M remaining on buyback.

## SEC filing metadata
- accession: 0000102729-24-000008
- form_type: 8-K
- ticker: VMI
- cik: 0000102729
- company_name: VALMONT INDUSTRIES INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102729/000010272924000008/0000102729-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102729/000010272924000008/vmi-20240221x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102729-24-000008
- JSON: https://secwatch.observer/filing/0000102729-24-000008.json
- Plain text: https://secwatch.observer/filing/0000102729-24-000008.txt

## Key facts
- Earnings Releases
  VALMONT INDUSTRIES INC reported fourth quarter and fiscal year ended December 30, 2023 results: revenue $1,015,526 (Q4) and $4,174,598 (FY), net income $28,587 (Q4) and $143,475 (FY), EPS $1.38 (Q4) and $6.78 (FY). Guidance reaffirmed.
  - Period: fourth quarter and fiscal year ended December 30, 2023
  - Revenue: $1,015,526 (Q4) and $4,174,598 (FY)
  - Net income: $28,587 (Q4) and $143,475 (FY)
  - EPS: $1.38 (Q4) and $6.78 (FY)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 2023 ​ GAAP ​ Adjusted 1 ​ (000s except per share amounts) ​ 13 weeks ​ 14 weeks ​ ​ ​ ​ 13 weeks ​ 14 weeks ​ ​ ​ ​ 12/30/2023 12/31/2022 ​ ​ 12/30/2023 12/31/2022 ​ ​ ​ ​ Q4 2023 ​ Q4 2022 ​ vs. Q4 2022 ​ ​ Q4 2023 ​ Q4 2022 ​ vs. Q4 2022 ​ Net Sales ​ $ 1,015,526 ​ $ 1,131,516 ​ (10.3) % ​ $ 1,015,526 ​ $ 1,098,244 ​ (7.5) % Gross Profit ​ ​ 282,941
  evidence_url: https://www.sec.gov/Archives/edgar/data/102729/000010272924000008/0000102729-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.